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United States stocks mostly higher on tech strength; Boeing hurts Dow

Posted on Friday, March 15, 2019 by Judy Cobb

United States stocks mostly higher on tech strength; Boeing hurts Dow

U.S. stocks jumped on Monday as the technology sector led a broad-based rebound following five straight sessions of losses, but a fall in Boeing's shares limited the Dow's advance after a deadly airline crash in Ethiopia.

The rose 14 points or 0.52%, while the tech-heavy increased 63 points, or 0.86%.

Britain's exit from the European Union hung in the balance after Attorney General Geoffrey Cox said last-minute legally binding assurances won by Prime Minister Theresa May to her divorce deal left the risk over the Irish backstop unchanged.

F5 Networks Inc slipped almost 7.4 percent, the most on the S&P index, after the network software maker said it would buy privately held NGINX.

The world's largest planemaker, which is the best performing Dow component this year by a wide margin, fell as much as 13.4 percent on Monday and dragged down the Dow Jones index.

Elsewhere, U.S. -China trade negotiations have continued this week as Chinese Vice Premier Liu He reportedly held a phone call with U.S. Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robert Lighthizer on Tuesday, according to China's state news agency Xinhua.

Coca-Cola Co dipped 0.1 percent after HSBC downgraded the soda maker's stock. Costly tariffs have hurt both nations and investors hope a deal can be struck to at least take some pressure off the global economy, which has shown signs of cooling off.

Boeing fell 12 per cent after the second deadly crash in six months involving one of its new 737 Max planes.

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Get one mini-pizza with one topping for $3.14. 7-Eleven - Order a whole pizza via 7-Eleven's 7NOW for $3.14. So, you can celebrate Einstein's birthday and a crazy-long decimal with your favorite type of pizza or pie.Friday, March 15, 2019